Common use of Joint Instructions Clause in Contracts

Joint Instructions. Symantec and Quarterdeck may, by joint written instruction to Escrow Agent, authorize the delivery of the Deposit to the party named in the instruction; provided that Escrow Agent shall not comply with any such instructions unless it notifies Quarterdeck of such instructions and Escrow Agent's intention to release the Deposit to Symantec and Quarterdeck confirms such instructions in writing. Escrow Agent shall in any event wait not less than five business days after sending such notice before releasing the Deposit, even if it earlier receives such confirmation.

Appears in 3 contracts

Sources: License Agreement (Quarterdeck Corp), License Agreement (Quarterdeck Corp), License Agreement (Symantec Corp)